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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Farm Grown, Inc. produces cases of perishable food products. Each case contains an assortment of vegetables and other farm products. Each case costs
and sells for
. If there are any cases not sold by the end of the day, they are sold to a large food processing company for
a case. The probability that daily demand will be
cases is
, the probability that daily demand will be
cases is
, and the probability that daily demand will beÂ
 cases is
. Farm Grown has a policy of always satisfying customer demands. If its own supply of cases is less than the demand, it buys the necessary vegetables from a competitor. The estimated cost of doing this isÂ
per case.
Â
(a) Draw a decision table for this problem.
Â
(b) What do you recommend?
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